GormanKelly is pleased to offer 58-60 Walsh Street, West Melbourne for sale by auction.
This rare offering provides investors and/or developers with the opportunity to secure a well-leased office/warehouse located in a prime position within a highly-sought after West Melbourne region.
We believe the most outstanding aspects of this property include:
- 3 year lease to Jasco Pty Ltd with no option;
- Currently returning $21,965.00 net per annum plus outgoings & GST;
- Building area of 150m and land area of 240m;
- Short term investment, long term development;
- Zoned Mixed Use;
- Excellent position within West Melbourne with abundance of car parking within the immediate surrounding area;
- Within walking distance to Flagstaff Gardens and Queen Victoria Gardens;
- Within close proximity to all major freeways.
58-60 Walsh Street is located on the northern side of Walsh Street, with the closest major intersection being that of King Street and Victoria Street.
The property is located approximately 1.4km* west of the Melbourne CBD within the municipality of the Melbourne City Council.
Walsh Street, West Melbourne is a relatively small street with a number of commercial office/warehouse and retail tenancies along the strip, as well as a number of residential apartments. Due to its close proximity to Flagstaff Gardens and the Queen Victoria Market, it is positioned in a highly-sought after area, only a short walk to the Melbourne CBD.